Pembroke Pines FHA Loans

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Pembroke Pines Florida FHA loans allow you to get an easy home loan for your home. The US federal government insures these loans through the FHA to ensure homeowners to get loans with limited conditions and to provide security to the money lender. If an individual does not make his payments, the government insurance covers the loss of the mortgage lenders.

Pros of Pembroke Pines Florida FHA Mortgage Loans

With a limited down payment of about 3.5% and its great terms of borrowing, Pembroke Pines Florida FHA loans are a viable option for FTHB in today’s market. Even clients with less than perfect credit history can simply choose a Pembroke Pines Florida FHA home loan.

Drawbacks of a Pembroke Pines Florida FHA Loan

With the benefits of easy accessibility comes the negatives that you have to pay a little extra on your monthly home loan payments to make up for the MIP.

Guidelines to Get Approved for an FHA Loan

To ensure you qualify for a Pembroke Pines Florida FHA home loan, you need to be a legal citizen of the U.S. with gainful employment. In addition, as the FHA only approves selected mortgage lenders for their home loan insurance, you can’t apply online for a Pembroke Pines Florida FHA home loan from every money lender. Even after you locate the perfect home loan from every money lender, an FHA home loan is only acceptable if the property you are requesting to buy has been approved by the Federal Housing Administration.

Maximum Limits of a Pembroke Pines FL FHA Loan

The maximum limits of the home loan amount vary from state to state and county to county, however, the general max home loan limit is approximately $625,000.

How to Obtain a Pembroke Pines FL FHA Loan?

If you would like to request a Pembroke Pines Florida FHA home loan, contact us at the First Nationwide Lending, where we can provide you with more information regarding these loans and clarify your query to streamline the process of buying your new home.

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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